TITLE

Tax-Exempts See $1.96B of Outflows as Taxables Gain

AUTHOR(S)
Albano, Christine
PUB. DATE
October 2008
SOURCE
Bond Buyer;10/31/2008, Vol. 366 Issue 32994, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the performance of tax-exempt money market funds in the U.S. from October 20-27, 2008. It reveals that yield on tax-exempt funds has declined to $1.96 billion and total assets fell to $495.91 billion during the week. It was observed that yields in other bonds also recorded downfall, including municipal bond, variable-rate demand obligation and short-term money fund.
ACCESSION #
35169964

 

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